Tuesday , March 19, 2019

Klarna Launches Slice it in 4 Payment Option and other Digital Transactions News briefs from 10/22/18

  • Tablesafe, which specializes in point-of-sale systems for restaurants, said The Saltwater Grille has installed its technology, which includes EMV acceptance. The restaurant had been subject to rising chargebacks because it had not been EMV-compliant.
  • Online installment-payments specialist Klarna signed its first U.S. merchant, Rancourt & Co., for a new service called Slice it in 4, which allows consumers to pay in installments with their own card. Rancourt is a leather-shoe merchant.
  • Featurespace said it created ARIC White Label, a version of its proprietary fraud and risk-control engine that processors and acquirers can resell to their clients.
  • The Western Union Co. extended its bill-payment service across borders, allowing U.S. consumers to pay bills and reload phone services in Mexico. The company is working with Paykii and TransferTo for the service.
  • ConnexPay, a payments processor for the travel industry, said it is working with an open application programming interface from financial-technology firm Marqeta to enable virtual cards that allow agencies to get immediate access to customers’ funds for payment to airlines, hotels, and other travel suppliers.
  • In related news, Marqeta announced its entry into the European payments market with a new office in London and an agreement to issue Visa cards.
  • Visa Inc. announced that IBM and Bottomline Technologies, a business-payments services provider for financial institutions, are new partners for its B2B Connect distributed-ledger platform that will facilitate cross-border business-to-business payments when it launches in the first quarter.
  • Inside Secure, a payments security company, released Whitebox 3.0, a crypto-security software tool that protects cryptographic keys and algorithms inside mobile applications.
  • Rambus Inc. introduced Vaultify Trade, a platform that enables secure storage of cryptocurrency on blockchain using tokenization and encryption technology.
  • The U.S. Marshals Service on Nov. 5 plans to auction approximately 660 bitcoins it acquired in various federal criminal, civil, and administrative cases. As of Monday morning, the Bitcoins had a total value of $4.24 million, according to CoinDesk.com.
  • Paysafe Group named Peter Smith chief financial officer. Smith previously worked at processor Evertec Inc. and at Fidelity National Information Services Inc. (FIS), and Metavante Corp.
  • Total System Services Inc. (TSYS) announced the election of Jola M. Johnson, chief administrative officer, general counsel, and corporate secretary for Hanesbrands Inc., to its board of directors.

Check Also

Bountiful Stolen Personal Data Fuels Unrelenting Online Fraud Attacks, Forter Says

In a time when criminal access to consumer data has never been more common, merchants …